India's Reserve Bank leads surge in gold reserves amid global central bank slowdown

Apr 06, 2024

India's consistent efforts to bolster its gold reserves reflect a strategy aimed at diversifying its foreign exchange reserves and mitigating risks associated with currency...

Reserve Bank of India receives bomb threat, probe underway

Dec 13, 2024

The Reserve Bank of India (RBI) in Mumbai received a bomb threat email on Friday, police said.

Reserve Bank of India penalizes Pusad Urban Co-operative Bank Ltd. for non-compliance

Feb 12, 2024

According to a press release, the penalty was levied due to the bank's failure to comply with RBI directives concerning 'Income Recognition, Asset Classification,...

RBI MPC meets amid concerns of inflation, rate cut unlikely say economists

Jun 05, 2024

The Reserve Bank of India (RBI) is unlikely to reduce the benchmark interest rate in its upcoming monetary policy review meeting. The meeting, chaired...

Recent bank failures show need for vigilance: US Federal Reserve

May 16, 2023

One of the most prominent lenders in the world of technology startups, Silicon Valley Bank, which was struggling, first collapsed on March 10, after...

Reserve Bank bars IIFL Finance from sanctioning new gold loans

Mar 04, 2024

The Reserve Bank of India has directed IIFL Finance Ltd. (the company) to stop sanctioning or disbursing gold loans or assigning, securitising, or selling...